EBF MORNING BRIEF Monday 26 April 2021 Good morning. Here are the top news stories and events in European banking, financial regulation and EU policy, brought to you by the European Banking Federation.
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FROM THE MEDIA
Bloomberg: Why EU climate weapon is in the financial fine print
The fight against climate change involves more than wind turbines and electric sports cars. A less obvious but potentially potent tool is the fine print of financial regulations. The European Union is embedding environmental goals in standards for banks, money managers, insurers and member states’ public spending plans, in the hope of directing trillions of euros to fund a radical revision of the region’s economy, Bloomberg reports. Skeptics warn that some of the rules are veering too far from initial scientific proposals and could allow for “greenwashing.” There are also still fights ahead over whether natural gas and nuclear power can get green labels. Read more Cointelegraph: Decentralization is the final frontier for CBDCs As central bank digital currencies, or CBDCs, continue to garner mainstream traction across the global financial landscape in recent years, almost all central banks are actively researching the benefits and risks of offering a digital currency to the public. According to Cointelegraph, in its most basic sense, a CBDC is a digital form of fiat money, backed by a suitable amount of monetary reserves like gold or foreign currency reserves. Read more
The Banker: Banking apps may pose underlying cyber risks
Some 88% of banking apps possess at least one vulnerability that could be exploited, according to a study by the software company Synopsys, The Banker reports. Read more (€) |
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MAIN EVENTS today For a full-year overview of key financial regulation events: click here |
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FROM THE EBF MEMBERS AEB: A single European fund for all depositors This is a key moment when the discussions on the single deposit fund are being unblocked in the EU. Spanish Banking Association (AEB) advisor Carmen Rizo explained the need to equalize protection for all savers in her latest post. Read more (ES)
UK Finance: Biden-Harris administration: 100-day review of Sanctions policy
Neil Whiley, UK Finance Director, Sanctions Policy, analyzed the first hundred days of the Biden-Harris administration in the US concerning its #sanctions policy. Read more
SBA: Framework Agreement: Continue talks
The Swiss Bankers Association (SBA) continues to advocate for a good framework agreement. The clarifications between Switzerland and the EU must be continued. Read more (DE) |
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FROM THE INSTITUTIONS
ECB: Results of the ECB Survey of Professional Forecasters in the second quarter of 2021
ECB has published the results of the ECB Survey of Professional Forecasters in the second quarter of 2021. Find a few points as follow: 1) The Harmonised Index of Consumer Prices inflation expectations revised up for 2021 but otherwise largely unchanged; 2) Real GDP growth expectations revised downward in 2021 and upward in 2022, implying a further delay in recovery; 3) Unemployment rate expectations revised downward for 2021-23, with longer-term expectations unchanged. Read more European Council: "Green finance" - Speech by President Charles Michel at the Leaders’ Climate Summit The Council of the European Union has published a speech by President Charles Michel at the Leaders’ Climate Summit on green finance. President Michel stated that Europe needs to be more determined in the field of climate finance. He highlighted that the EU budget and recovery package will dedicate around 600 billion euros to powering the green transition. Read more ECB: US dollar liquidity-providing operations from 1 July 2021 The ECB and other major central banks have decided to discontinue 84-day US dollar liquidity operations. Change will be effective as of 1 July 2021. Depending on market conditions, central banks stand ready to re-adjust provision of US dollar liquidity. Read more European Commission weekly schedule Find out more about the European Commission's engagement and activities for the upcoming week. Read more
European Central Bank weekly schedule Find out more about the ECB's engagements and activities for the upcoming week. Read more
European Parliament weekly schedule Find out more about the Parliament's engagements and activities for the upcoming week. Read more |
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ABOUT THE EUROPEAN BANKING FEDERATION
The European Banking Federation is the voice of the European banking sector, bringing together national banking associations from across Europe. The federation is committed to a thriving European economy that is underpinned by a stable, secure and inclusive financial ecosystem, and to a flourishing society where financing is available to fund the dreams of citizens, businesses and innovators everywhere. Website: www.ebf.eu |
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This newsletter is published by the EBF Mediacentre.
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